$EXAS on watch for move to $8. Could take a few weeks as it has made a nice move over the 50MA
If EXAS opens above 27.49 consider using the Retest Gap strategy.
I suggest researching the fundamentals on this company, and what is being priced into the stock price. Now for the technical aspect of the stock...Price has dropped into a range of consolidation with the 200 Moving Average confirming the range by essentially going flat YTD. What I'm monitoring is for a breakout above $25.00. If there is no breakout and price...
Yesterday's attempt was not very successful. Thus I think we will see another move down the days coming.
Slowly but steadily the Exact Sciences are growing. I see a healthy development as every move up has had a correction. Thus makes me asume that we can expect some more gain.
Overbought, market rolling, and big short interest. Bottom line long-term is: Cologuard can't support this valuation.